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​Malaysia Continues to Attract Japanese Investors

This event brought together stakeholders from both countries to discuss on current issues relating to doing business in Malaysia. At the dialogue, issues discussed include procedures and regulations on trade and investment, as well as Malaysia’s recent review of its foreign exchange policies. This initiative is among MIDA’s on-going efforts to promote Japanese investment into Malaysia.

2 November 2017, Kuala Lumpur– YB
Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI)
chaired a dialogue session with the Embassy of Japan, Japanese Chamber of Trade
& Industry Malaysia (JACTIM) and Japanese External Trade Organisation
(JETRO) at the MITI Tower today. Also present were H.E Dr Makio Miyagawa from the Embassy of Japan; Mr
Toshihiko Todokoro the President of JACTIM; and Dato’ Azman Mahmud, Chief
Executive Officer of MIDA.

This event brought together stakeholders from both countries to discuss
on current issues relating to doing business in Malaysia. At the dialogue,
issues discussed include procedures and regulations on trade and investment, as
well as Malaysia’s recent review of its foreign exchange policies. This
initiative is among MIDA’s on-going efforts to promote Japanese investment into
Malaysia. Other similar programmes undertaken include YB Minister’s trade and
investment mission trip to Japan in April 2017.

Japan continues to be Malaysia’s
top source of foreign direct investments in the manufacturing sector since
1980. As at 2016, a total of 2,621 manufacturing projects with participation
from Japan were implemented with investments of RM88.5 billion and generated 343,281
job opportunities.

For the first 6 months of this
year, MIDA approved an additional 16 manufacturing projects from Japan with
investments of RM 559 million. These projects will be located in Johor, Melaka,
Kedah, Selangor, and Penang. The investments approved in January – June 2017
will create 600 more job opportunities for the country. The bulk of these approved
investments or 75% came from expansion and/or diversification activities of
existing Japanese companies operating in the country.

In addition, Japanese investors are
also active in the services sector. Some of these include Aeon, Sumitomo Mitsui
Bank, The Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank and Daikin. Japanese
companies continue to use Malaysia as a base for conducting their regional and
global operations. From 2006 until June 2017, there have been a total of 176
global establishment projects with investments of RM2.4 billion, creating 2,453
job opportunities.

This includes recently approved
Principal Hub projects from Roland Corporation - notable Japanese manufacturer
of electronic musical instruments, electronic equipment and software. Roland
Corporation is a leading manufacturer and distributor of electronic musical
instruments, including keyboards and synthesizers, guitar products, electronic
percussion, digital recording equipment, amplifiers, audio processors, and
multimedia products. With more than 40 years of musical instrument development,
Roland sets the standard in music technology for the world to follow.

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About MIDA

MIDA
is the government's principal promotion agency under the Ministry of
International Trade and Industry (MITI) to oversee and drive investments into
the manufacturing and services sectors in Malaysia. Starting operations in 1967
with a relatively small set up of 37 staff, MIDA has grown to become a strong
and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur
Sentral, MIDA today has 12 regional and 23 overseas offices. This year as the
organisation celebrates its 50th anniversary, MIDA continues to be the
strategic partner to businesses in seizing the opportunities arising from the
technology revolution of this era. Find out more at
www.mida.gov.my
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